EPIC RESEARCH MCX Menthaoil UPDATE OF 22 October 2018

Posted by Commodity Updates by Epic Research on 11:54:00 with No comments

Menthaoil trading range for the day is 1679.2-1722.6.

* Mentha oil spot at Sambhal closed at 1856.60 per 1kg. Spot prices was down by Rs.-9.20/-.

* Mentha oil dropped as spot markets are witnessing low demand amid adequate supply which weighed on prices.

* Bumper crop harvest has been discounted in the market and market is moving upwards on rising demand from end users.

* Arrivals in Sambhal stood at 400 drums compared to 350 drum a day ago while in Barabanki supplies rose to 500 drums from 450 drums a day earlier.

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